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iqe plc (IQEPF) Details

IQE Public Limited Company develops, manufactures, and sells advanced semiconductor materials worldwide. It offers various products, including HBTs, pHEMTs, BiFETs, GaN (gallium nitride) HEMTs, InGaP HBTs, InP HBTs, Sb HBTs, and HFETs for use in wireless communication applications. The company also provides a range of wafers, such as optical fiber communications optical storage solutions, including CDs and DVDs; optical networking solutions comprising storage area networks; computing solutions, such as optical mouse devices and CD/DVD ROMs; office/professional solutions consisting of laser printing/copying; and energy solutions, including solar cells for the photonics industry. In addition, it offers silicon based, thin film, and GaAs concentrator photovoltaics technologies for alternative energy sector; and silicon and Germanium epitaxial silicon layers for the electronics industry, as well as reactor process and installation consultancy, and epitaxial metrology services. Further, the company provides GaN materials for RF products, such as 100mm GaN on SiC wafers, indium aluminum nitride, and indium GaN; free-standing GaN for use in blue and green laser diodes, and UHB LEDs; GaN epitaxy for LDs and UHB-LEDs, as well as offers III-V materials and associated materials; and epitaxy-ready substrates. Its products are used in various consumer, communication, computing, and industrial applications, including a range of wafer products for the wireless industry, such as mobile handsets and wireless infrastructure, Wi-Fi, WiMAX, base stations, GPS, and satellite communications; and optical communications, optical storage, laser optical mouse, laser printers and photocopiers, thermal imagers, medical products, barcodes, LEDs, and various silicon based systems. The company was founded in 1988 and is headquartered in Cardiff, the United Kingdom.

iqe plc (IQEPF) Key Developments

IQE Public Limited Company Provides Earnings Guidance for the Second Half and Full Year Ended December 31, 2014

Jan 20 15

IQE Public Limited Company provided earnings guidance for the second half and full year ended December 31, 2014. The group's revenue for the year is expected to be approximately £112 million. EBITDA is projected to be up by 8% year on year at approximately £27 million. Adjusted, fully diluted EPS for the year is expected to be up 20% at approximately 2.4 pence. The company expects that net debt at 31 December 2014 will be £31 million, down from £34.4 million at 31 December 2013.
For the second half of 2014, the company expects revenues of £60 million and EBITDA of approximately £16 million.

IQE plc announced that it has concluded successfully the renegotiation of a long-term supply contract with an existing tier 1 customer for the supply of wafer products used in wireless applications. The new supply contract guarantees IQE at least 75% of the customer's demand for epiwafers that are produced using its metal organic chemical vapor deposition (MOCVD) platform. It will also see an expansion in terms of additional products from its molecular beam epitaxy (MBE) platforms. This contract renewal underlines the strength of the long-term customer relationship that IQE has developed. Supply against the new contract will be fulfilled by IQE's Wireless Business Unit from its North American facilities in Massachusetts and Pennsylvania, as well as its manufacturing site in Taiwan. The contract, worth an estimated USD 50 million plus, covers epiwafer products for radio frequency (RF) applications including power amplifiers (PAs), low noise amplifiers (LNAs) and switches used in smartphones, tablets, PCs and other connected devices.

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